What is market prediction? Have you participated in FTX’s prediction market for the US Presidential Election last year? Or read our previous article about another prediction market Pulse on Near Protocol? The rule is simple: You predict the result of a future event with only 2 opposite answers. If your prediction is correct, then you’ll win the other side’s money!
All collected tokens are split proportionally amongst the winners. The BetOnRugs require 2% fees for your bet.
Similarly, BetOnRugs’ on-chain users, volume and transactions are also small at this early stage.
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